Ethereum Price Is Now Nearly IDR 30 Million Per Coin After Experiencing A Decline 21 Percent

Ethereum price rises despite decreasing the previous day (Coin Market Cap)

JAKARTA - Ethereum (ETH) is the number 2 crypto money after bitcoin (BTC). The current price of ether has reached IDR 30 million per coin. Not a few of the crypto money investors are investing in Ethereum.

The current Ethereum price on Monday, April 19, has reached USD 2,248 per coin (around IDR 32.75 million). Ethereum prices have increased by 2.08 percent from the previous, as reported by Coindesk.

In fact, the day before yesterday, Ethereum's price dropped 21.46 percent, namely USD 1.952 (around IDR 28 million). As for the highest price, Ethereum reached 2.547 dollars per coin. Until now, Ethereum has the largest market capitalization after bitcoin.

Ethereum is a cryptocurrency based on a decentralized software platform that uses blockchain technology. Ethereum technology is already used for money transfer activities.

In addition, ether technology is also being used to auction off crypto assets that have been on the rise in recent months, namely NFT (Non-Fungible Token). NFTs are now popular with digital artists.

According to Oscar Darmawan, CEO of Indodax, said that Ethereum prices have the potential to increase again. This is because Ethereum will be massively upgraded in mid-2022.

In the EIP-1559 upgrade next year there will be a number of ether that will be burned or destroyed in order to reduce the maximum supply of Ethereum in the next few years.

“Ethereum continues to improve overcoming its unlimited or unlimited supply problem. Ethereum is upgrading with 'burn' so that later a lot of Ethereum will be destroyed. If, Ethereum's supply decreases, then the price will likely increase drastically", Oscar said on Monday, April 19.